Press release
Cleanroom Technology Market Size to Cross USD 8,356.97 Mn by 2028
Cleanroom is controlled environment that has a low level of pollutants such as air-borne microbes and particles, dust, aerosols, which contaminate the surrounding area. Industries use cleanroom technology to avoid the adverse effects that can be caused by the air pollutants and small particles in the product manufacturing process.The cleanroom technology market is expected to reach US$ 8,356.97 million by 2028 from US$ 5,233.63 million in 2021; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
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A few key players operating in the cleanroom technology market are Taikisha Ltd, Kimberly-Clark Corporation, E. I. DU PONT DE NEMOURS AND COMPANY, Labconco Corporation, Azbil Corporation, Illinois Tool Works Inc., Ardmac, Alpiq Holding AG, Clean Air Products, and M+W Group. Companies are adopting organic and inorganic growth strategies to sustain their position in the market. In April 2021, Azbil Corporation stated that it will develop two laboratory facilities for experimenting at the Fujisawa Technology Center, the core R&D centre of the azbil Group. In so doing, Azbil aims at improving its technological development facilities to accelerate research and development of innovative system solutions and gadgets in the Group's next stage of growth.
Governments and private organizations have pumped funds to support research for niche healthcare products. Furthermore, increasing healthcare expenditure is another factor boosting the growth of the cleanroom technology market. As per the report of the National Health Service (NHS), per capita health expenditure on health research, medical services, and central & other health services in England was increased to US$ 2,800 in 2016 from about US$ 2,500 in 2012. Moreover. continuous developments in the research in the country would drive the market growth during the forecast period.
Besides, the pharmaceutical industry in Italy has grown dramatically in the past seven years. The export of pharmaceutical products from 2010 to 2017 has grown at a rate of 26% per year. The industry in the country is significantly driven by the investments in the innovation of the supply chain. In 2019, the pharmaceutical sector increased a production value of over €34 billion, growing progressively in recent years.
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